Thomson Reuters is to debut an integrated suite of information and trading services for FX trading which leverages the London-based hosting capabilities of the firm's Elektron cross-asset trading platform.
The new FX services include low-latency connectivity to the Thomson Reuters Matching FX Spot markets, together with access to other major sources of FX liquidity, a range of single-dealer price feeds and an integrated set of content services and pre- and post-trading applications.
According to research consultancy Aite Group, high-frequency FX trading will account for more than 40% of overall FX volume by the end of 2012.
Thomson Reuters Matching currently has some 1,100 subscriber organisations, offering access to real-time executable prices on 54 spot currency pairs.
Elektron is a cross-asset trading and data infrastructure that offers global low-latency market access, content and distribution with a fully integrated set of trading applications, delivered as a managed service, across co-location and proximity hosting sites in key financial centres.
Meanwhile FX Fifty Five, the FX division of Market Securities Kyte Group, has deployed trading technology provider FlexTrade Systems' MaxxTrader, a trading system designed for sell-side institutions operating in the FX markets.
Market Securities is an intermediary firm specialising in cash equity, derivatives, FX, fixed income, structure products and commodities markets. The company acts as a representative of Kyte Group, a UK-based investment service provider.
MaxxTrader is designed to allow institutions to privately aggregate and issue price information to the markets and clientele. The platform offers real-time prime broker reporting, an integrated order management system and aggregated liquidity from more than 40 banks, electronic communications networks and exchanges.
Offered as a ASP-based front-end solution, MaxxTrader permits orders to trade directly from client to client, with the trading desk, or back-to-back with all liquidity providers, with high levels of straight-through processing.
“Building a viable trading platform in-house can be costly and time consuming,” said Vijay Kedia, president and CEO of FlexTrade. “With MaxxTrader, FX Fifty Five sidesteps that process with a platform that allows them to maintain their brand identity while leveraging our trading technology.”